[SHOCK] Core dev and Blockstream employee tells bitcoin users to use fiat!

[mining1]

The network will never be " entirely cripled " with ~50$ average fees. Because, by then, bitcoin will either massively scale both onchain and offchain or die/ be replaced.

@franky1 i've seen you really trying to "fight" for btc. Do you really risk everything hoping bitcoin will eventually scale, or are you diversified ?

[franky1]

The network will never be " entirely cripled " with ~50$ average fees. Because, by then, bitcoin will either massively scale both onchain and offchain or die/ be replaced.

@franky1 i've seen you really trying to "fight" for btc. Do you really risk everything hoping bitcoin will eventually scale, or are you diversified ?

i never been interested in altcoins. last time i touched them was probably 2013.

my business, my hoards are in bitcoin. and when travelling i talk about bitcoin, not the crap coins.
though im highly invested in bitcoin. i can see rationally passed my own 'value' and see things from the prospective of third world countries and i do see and respect their objections they find when they try using bitcoin.

too many people compare bitcoin to the most expensive western service they can think of..
rather than the standard everyday things people use around the world.
EG do you think that developing countries pay $2 for every time money changes hands.. no
does it actually cost $2 for every time money changes hand in any country.. no
but stupid fools will still find the most expensive use-cases and try to say bitcoin is better than X
even while they ignore A-W which is cheaper/free

i also see the positioning of certain cartels and see where things could end up steering towards if things continue down blockstreams one way street
(litecoin seems to be the direction flow (coblee->coinbase)(DCG->coinbase)(merchant tools->coinbase->ltc) seems more obvious than others)

yea we have gmax with his monero adoration. but i dont see that being next in line.
yea we have many cartel with zcash adoration. but i dont see that being next in line.

worse comes to worse ltc replaces btc as the 'merchant' accpting currency which ends up changing the paradigm.
but i still feel we shouldnt just let blockstream and barry silbert(dgc) cartel lead bitcoin down the one way street they have been since 2014

and we shouldnt give in to people who want splits and altcoins
and we shouldnt give in to fools who just shout "just f**k off"

[The One]

The network will never be " entirely cripled " with ~50$ average fees. Because, by then, bitcoin will either massively scale both onchain and offchain or die/ be replaced.

@franky1 i've seen you really trying to "fight" for btc. Do you really risk everything hoping bitcoin will eventually scale, or are you diversified ?

It's to late to diversify as all altcoin have been pumped up. I hedged myself in the beginning of the year. Taken profit and kept some altcoins just in case. If they were to get dumped then i would lose nothing. To diversify now would be far more risky than 4 months ago.

[chek2fire]

Users complaining about high bitcoin fees....Core dev and Blockstream worker Lukejr mocks them and tells them to "just use fiat". https://np.reddit.com/r/Bitcoin/comments/6ereib/these_fees_are_unacceptable/dicq95v/

These are the people responsible for stalling bitcoin. These are the people we are trusting to let bitcoin grow into mainstream.

If you seriously haven't realized the BlockstreamCore is attempting to overthrow bitcoin and constrict the blocksize forever to turn it into a settlement only system then I seriously feel sorry for you.

The BlockstreamCore devs do not understand the purpose of bitcoin which is peer to peer cash. The have been compromised from $55 million from AXA from the former Bilderberg chairman.


Wake Up!!!  

and for sure you are new here and you dont even understand how blockchain works. Even the beloved from BU supporters Ethereum system collapse before two days after heavy load of onchain transactions or better smart contracts. Now Vitalik talk about scaling through  Lighting network.
If you want to break bitcoin follow the opinion of the ppl that have no idea about tech as is Roger Ver, Jihan Wu and every charlatan around bitcoin that pump their ridiculous ideas.
If you have time try to find the post history of every person that is against bitcoin developers and pump this ridiculous tech ideas like BU or whatever.
You will be surprise when you find that all of them are also shitcoin supporters or worst scamcoin supporters.
My advice is for you to wake up.

[franky1]

and for sure you are new here and you dont even understand how blockchain works. Even the beloved from BU supporters Ethereum system collapse before two days after heavy load of onchain transactions or better smart contracts. Now Vitalik talk about scaling through  Lighting network.
If you want to break bitcoin follow the opinion of the ppl that have no idea about tech as is Roger Ver, Jihan Wu and every charlatan around bitcoin that pump their ridiculous ideas.
If you have time try to find the post history of every person that is against bitcoin developers and pump this ridiculous tech ideas like BU or whatever.
You will be surprise when you find that all of them are also shitcoin supporters or worst scamcoin supporters.
My advice is for you to wake up.

gmax -  monero in his profile
DCG - zcash, ethereum, litecoin investors
bobbylee(BTCC) - litecoin lover
segwit support pools - merge mining altcoins

but the real thing i find funny is that while only a third of the community want segwit..
hell even the pools that pushed litecoin to adopt segwit are not even using sgwit keypairs for their block rewards..

these segwit 'lovers' are the people that repeat the same buzzwords
"jihan/bU/riger" as if only 2 people are against segwit...
anyone who's buzzwords jihan/bu/roger are just reddit script readers of fud. who lack doing real research and probably have not read a single line of segwit code to understand what 'promises' will actually be met.


anyway..
if anyone really wants to know why Luke JR loves the "just pay more" mantra.
if anyone really wants to know why Luke JR loves the "if you dont like the roadmap f**k off mindset

his income comes from fee's and merge mining altcoins

[chek2fire]

and for sure you are new here and you dont even understand how blockchain works. Even the beloved from BU supporters Ethereum system collapse before two days after heavy load of onchain transactions or better smart contracts. Now Vitalik talk about scaling through  Lighting network.
If you want to break bitcoin follow the opinion of the ppl that have no idea about tech as is Roger Ver, Jihan Wu and every charlatan around bitcoin that pump their ridiculous ideas.
If you have time try to find the post history of every person that is against bitcoin developers and pump this ridiculous tech ideas like BU or whatever.
You will be surprise when you find that all of them are also shitcoin supporters or worst scamcoin supporters.
My advice is for you to wake up.

gmax -  monero in his profile
DCG - zcash, ethereum, litecoin investors
bobbylee(BTCC) - litecoin lover
segwit support pools - merge mining altcoins

but the real thing i find funny is that while only a third of the community want segwit..
hell even the pools that pushed litecoin to adopt segwit are not even using sgwit keypairs for their block rewards..

these segwit 'lovers' are the people that repeat the same buzzwords
"jihan/bU/riger" as if only 2 people are against segwit...
anyone who's buzzwords jihan/bu/roger are just reddit script readers of fud. who lack doing real research and probably have not read a single line of segwit code to understand what 'promises' will actually be met.


anyway..
if anyone really wants to know why Luke JR loves the "just pay more" mantra.
if anyone really wants to know why Luke JR loves the "if you dont like the roadmap f**k off mindset

his income comes from fee's and merge mining altcoins

is this yours??

[franky1]

is this yours??

    
Bitcoin Discussion       10632
Service Discussion       345
Speculation                326
Off-topic                   225
Altcoin Discussion         214

10632 vs 214

also i havnt posted in altcoin in years

have a nice day

is this yours
Bitcoin Discussion       728
Altcoins (Eλληνικά)       513

728 vs 513

[chek2fire]

is this yours??

    
Bitcoin Discussion       10632
Service Discussion       345
Speculation                326
Off-topic                   225
Altcoin Discussion         214

10632 vs 214

also i havnt posted in altcoin in years

have a nice day

is this yours
Bitcoin Discussion       728
Altcoins (Eλληνικά)       513

728 vs 513

if you know greek wou will find easy what i post in altcoin section. Only to warn ppl about the tech scams and nothing more.
But as i say there are a bunch of charlatans around bitcoin that they think that with btc collapse their shitcoin will take it place.
this is and the main reason why this ppl so easy pump completely broken tech proposal as BU, BitcoinXt or bitcoin classic and do whatever they can to toxic and split bitcoin community.
Your agenda is not hidden anymore. But you payed for it. Other do this free.

[jonald_fyookball]

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many  Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.  

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.  

PoS is inherently subject to cheap grinding attackings.

Vitalik has spent 18+ months on Casper and its still not ready.

[franky1]

if you know greek wou will find easy what i post in altcoin section. Only to warn ppl about the tech scams and nothing more.
But as i say there are a bunch of charlatans around bitcoin that they think that with btc collapse their shitcoin will take it place.
this is and the main reason why this ppl so easy pump completely broken tech proposal as BU, BitcoinXt or bitcoin classic and do whatever they can to toxic and split bitcoin community.
Your agenda is not hidden anymore. But you payed for it. Other do this free.

lol
more reddit scripts.. if you think bitcoin XT, classic, nbitcoin, btcd, BU are altcoins.. then you really need to adblock reddit.com.. you have been falsely advertised crap propaganda..

they are bitcoin implementations not altcoin implementations.
they dont even have code that are staged to cause an altcoin..

however UASF is staged to create an altcoin..

have a nice day

[Sadlife]

High fees will continue as long as the miners doesn't have any consensus if this miners really want to increase the blocksize so everyone in bitcoin network will be happy but i guess they're enjoying the high fees because it is much more profitable for them.
What's the point of UASF then, it is a plan to keep the users from believing that it will activated someday which is most likely will not. I think if they feel like it to implement segwit they can do it immediately without without any need of consensus.

[Zadicar]

High fees will continue as long as the miners doesn't have any consensus if this miners really want to increase the blocksize so everyone in bitcoin network will be happy but i guess they're enjoying the high fees because it is much more profitable for them.
What's the point of UASF then, it is a plan to keep the users from believing that it will activated someday which is most likely will not. I think if they feel like it to implement segwit they can do it immediately without without any need of consensus.

We dont know whats actually on their minds regarding on increasing blocksize either they would remain that way or been changed for the goodness of bitcoin users. You do have make a point that they will not activate it because they do love to milk bitcoin users who do love on making transfers.Imagine that fees do really already hurt its users-correct me if im wrong since ive been experiencing it already. Changes are always welcome if this thing would remain i think there would be good alternative.

[DoomDumas]

Calm down folks, Coredev understand that Bitcoin still better than fiat actually.. They wont do things to fast, to be sure that release will be top quality code.. that's what I expect from them..

Enjoy the ride and keep calm

[digaran]

Dude Franky1 don't you know the world has been ruled either by royal families or random and normal "families" from the Adam and Eve?
I'm just dazzled why LTC is not kicking and rising to the skies?
I'm also having difficulties understanding if not miners+nodes could change the code then who could? I know "devs" propose the change by implementing it into the new version but only miners+nodes are the ones deciding which proposal to upgrade to.

[leopard2]

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many  Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.  

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.  

PoS is inherently subject to cheap grinding attackings.

Vitalik has spent 18+ months on Casper and its still not ready.

Good point.

Well, there is always PPC and LTC to take Bitcoin's place, and they are incredibly cheap right now

Trouble is there is also (ewwww....) cRipple waiting 

[jonald_fyookball]

To say PoW is more secure than PoS is quite a stretch. The security of PoS completely relies on how many  Bitcoins would be staking and there's no way of telling who would stake. What we can say though, is that staking can be done on any pc, even on raspberry pi's, each of them securing a full node. You don't even need that large a percentage to make a stake attack completely untenable.  

For your argument to work you'd need way too many people saying no to that juicy 1% to 5% (the fewer stake, the more rewarding staking gets) dividend.  

PoS is inherently subject to cheap grinding attackings.

Vitalik has spent 18+ months on Casper and its still not ready.

Good point.

Well, there is always PPC and LTC to take Bitcoin's place, and they are incredibly cheap right now

Trouble is there is also (ewwww....) cRipple waiting 

as far as alts, im most bullish on ETC.

[deisik]

i never been interested in altcoins. last time i touched them was probably 2013
my business, my hoards are in bitcoin
im highly invested in bitcoin

I understand your pains

worse comes to worse ltc replaces btc as the 'merchant' accpting currency which ends up changing the paradigm

Oh, now you come to see the lite

Take it for what's it worth, but in your place I would move part of your bitcoins into fiat now (say, the US dollar). You won't lose much if Bitcoin successfully comes through the bottleneck it is quickly moving to, but if it fails and becomes toxic, that may be quite painful for the guys like you who blindly believe in Bitcoin future. This blind faith might have worked in the past for you but one day it will inevitably stab you in the back

[Amph]

Some altcoin will take the throne if bitcoin doesn't change. Things change... deal with it or be pushed out of the way.  Pigs get slaughtered.

And Litecoin will most likely be a new king of crypto

Regarding the noise raised by the OP, I have heard many people claiming here that miners have been screaming for years about the necessity of the blocksize increase. If it is really so (I don't know, but let's assume that) and the blocksize increase was (is) as urgent and pressing as they have been screaming, what prevents them from introducing this change on their own (given their hashing power monopoly)? Okay, some dudes would be quick to retort that they want consensus and all that but if there is no consensus may be the bigger blocks are not in fact so urgent as these miners are pretending them to be? As I see it, you can't possibly have it both ways

because the exchange are with core, not with miners, miners are greedy any change done to the code is done for their dirty profit nothign more, they don't care about what bitcoin is, they even said so long time ago in a chian conference

their fork would be useless withotu an exchange, maybe they can build their own exchange and sell their useless coins there in cina? this is also the same fate of BU, and i don't know why antpool is so stubborn in signaling with that fork

[deisik]

I'm just dazzled why LTC is not kicking and rising to the skies?

Some action is obviously going on behind the scenes

I've been following Litecoin for some time now, and it looks very strange now as if someone had been deliberately forcing it to trade in a very narrow range. I've never seen that before. Previously, Litecoin had been moving pretty much along with Bitcoin, and more often than not outpacing it in terms of volatility. Now I see the opposite development. Anyway, you can't stop an avalanche, you can only postpone it for short time (if ever)

[franky1]

i never been interested in altcoins. last time i touched them was probably 2013
my business, my hoards are in bitcoin
im highly invested in bitcoin

I understand your pains

worse comes to worse ltc replaces btc as the 'merchant' accepting currency which ends up changing the paradigm

Oh, now you come to see the lite

i see how things play out long before most do. i been waffling for ages about this..

Take it for what's it worth, but in your place I would move part of your bitcoins into fiat now (say, the US dollar). You won't lose much if Bitcoin successfully comes through the bottleneck it is quickly moving to, but if it fails and becomes toxic, that may be quite painful for the guys like you who blindly believe in Bitcoin future. This blind faith might have worked in the past for you but one day it will inevitably stab you in the back

nah im good thanks. im not blind.

i have what i need(btc) and know what im doing. i know where my triggers are to move.
i dont panic when others do..
to me price drama is meaningless to me. i see where the real long term 'infrastructure' changes are and have my plans set out should worse come to worse.

though my btc hoard is much higher than most. telling anyone to just go back to fiat is like the 'whiteman' telling the native indian to head back up over the mountains through the northern passage and let the whiteman take over america.

sorry but for me its make bitcoin great again or bust,.. im not playing Luke Jr and other peoples games of just hand over bitcoins and run off...
im not in it to be "fiat rich". otherwise i could cash out any time and retire... im in it for the reasons bitcoin was created in the first place

P.S in 2013 i dumped my altcoins by literally giving them away
i back then traded and had thousands of ltc.. then won competitions that gave me 1300 ltc and literally handed them away in different projects/methods. here is one
https://bitcointalk.org/index.php?topic=145201.msg1540606#msg1540606